The Euro (EUR) trades on the back foot against the Swiss Franc (CHF) on Monday, with EUR/CHF briefly sliding to its lowest level since September 10.
Sanae Takaichi was elected as the leader at the LDP election on 4 October, in a run-off vote after none of the 5 candidates won a majority in the first round. She is expected to be appointed the next PM after the vote in parliament, scheduled on 15 October.
The GBP/USD pair struggles to capitalize on Friday's strong move up and opens with a bearish gap at the start of a new week amid a broadly firmer US Dollar (USD). Spot prices, however, lack follow-through selling and seem to have stabilized below mid-1.3400s, still down over 0.30% for the day.